Paragon Advisors LLC Trims Position in Monolithic Power Systems, Inc. $MPWR

Paragon Advisors LLC cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% in the third quarter, HoldingsChannel reports. The firm owned 3,103 shares of the semiconductor company’s stock after selling 1,504 shares during the period. Paragon Advisors LLC’s holdings in Monolithic Power Systems were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MPWR. AE Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth approximately $1,121,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 745.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 617 shares of the semiconductor company’s stock worth $568,000 after buying an additional 544 shares in the last quarter. New York State Common Retirement Fund grew its position in Monolithic Power Systems by 14.1% during the third quarter. New York State Common Retirement Fund now owns 26,706 shares of the semiconductor company’s stock valued at $24,587,000 after buying an additional 3,300 shares during the period. Ballentine Partners LLC increased its holdings in Monolithic Power Systems by 4.5% in the third quarter. Ballentine Partners LLC now owns 555 shares of the semiconductor company’s stock valued at $511,000 after buying an additional 24 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Monolithic Power Systems by 41.1% in the third quarter. Federated Hermes Inc. now owns 79 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 6.1%

Monolithic Power Systems stock opened at $1,161.78 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,171.57. The firm has a market capitalization of $55.66 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.08 and a beta of 1.45. The company has a fifty day simple moving average of $967.24 and a 200-day simple moving average of $912.31.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. The firm had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $4.06 earnings per share. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Insider Buying and Selling

In other news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the sale, the director directly owned 28,567 shares in the company, valued at $27,187,785.24. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the completion of the sale, the chief financial officer directly owned 74,332 shares of the company’s stock, valued at approximately $76,147,930.76. This represents a 3.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 69,976 shares of company stock valued at $63,370,417. 3.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent analyst reports. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Truist Financial upped their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Finally, Oppenheimer reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $1,093.75.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.